According to the Real Estate Regulation and Development Act, 2016, an Occupancy Certificate is defined as “the certificate, or such other certificate by whatever name called, issued by the competent authority permitting occupation of any building, as provided under local laws, which has provision for civic infrastructures such as water, sanitation and electricity.” An OC is […]
The State Bank of India (SBI), considered as a banking and financial powerhouse offers a wide range of netbanking services, such as funds transferring, opening bank and FD accounts, availing loans and credit cards, etc. Additionally, it offers various other services that include passbook printing, checking account balance, demand draft preparation, cheque-book applications and much
Amendment of section 206C In section 206C of the Income-tax Act,— (a) for sub-section (1F), the following sub-section shall be substituted with effect from the 1st day of January, 2025, namely:— “(1F) Every person, being a seller, who receives any amount as consideration for sale of— (i) a motor vehicle; or
Section 80TTB of Income Tax Act, 1961 was introduced in the Budget 2018. This provision is concerned with the deductions applicable to the interest that senior citizens earn on their savings deposits. To enjoy the deductions made available under this provision, senior citizens Section 80TTB is a provision under the Indian Income Tax Act that offers
Amendment of section 201 In section 201 of the Income-tax Act, in sub-section (3), with effect from the 1st day of April, 2025,— (i) for the words “a person resident in India, at any time after the expiry of seven years”, the words “any person, at any time after the expiry of six years”
E-Visa is a system developed with the aim of saving passengers from long-term and tiring bureaucratic procedures, as well as creating an alternative to visas issued at the borders. Online users can apply for visas online to the countries they wish to visit. Those who are considering applying for a visa can obtain their travel documents
Amendment of section 200A In section 200A of the Income-tax Act, with effect from the 1st day of April, 2025,— (a) in the marginal heading, for the word “source”, the words “source and other statements” shall be substituted; (b) after sub-section (2), the following sub-section shall be inserted, namely:— “(3) The
Amendment of section 200 In section 200 of the Income-tax Act, in sub-section (3), after the proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— “Provided further that no correction statement shall be delivered after the expiry of six years from the end of the financial year in
Amendment of section 198 In section 198 of the Income-tax Act, after the words “this Chapter”, the words “and income-tax paid outside India, by way of deduction, in respect of which an assessee is allowed a credit against the tax payable under this Act,” shall be inserted with effect from the 1st day of April,
The Companies Act, 2013 was introduced to motivate the companies to be on a “Jet Set Go” motto with compliance and transparency being the key. Among the multifarious issues outlined in this act, Related Party Transactions took a turn, and this is a term that has been making all companies edgy about the complexities surrounding
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